Banking sector at enormous risk of asset-liability mismatch: Pronab Sen2 min read . Updated: 24 Aug 2022, 05:44 PM IST
Explaining the situation, renowned economist Pronab Sen said the Indian banks had adopted the British model, and the laws don't allow lenders to borrow from the capital market, which essentially makes deposits the only source of funds
KOLKATA : India's banking sector is faced with the predicament of a "massive asset-liability mismatch" that could explode anytime, renowned economist Pronab Sen said, adding that there is a need to reassess laws governing the industry. Sen said "that explosion" has not yet happened as most of the banks are in the public sector.
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